GameStop Corp. Stockholders Complete Stock Sale
April 10 2006 - 4:22PM
Business Wire
GameStop Corp. (NYSE:GME)(NYSE:GME.B), the world's largest video
game and entertainment software retailer, announced today that two
of its stockholders have sold 6,500,000 shares of GameStop Class A
common stock to Citigroup Corporate and Investment Banking. A shelf
registration statement relating to debt and equity securities of
GameStop was filed with the Securities and Exchange Commission
today. The shelf registration statement became effective
immediately upon filing. A prospectus supplement relating to the
offering by the selling stockholders will be filed with the
Securities and Exchange Commission. The selling stockholders are EB
Nevada Inc., a corporation indirectly owned by James J. and Agnes
C. Kim and related trusts, that is selling 5,000,000 shares, and
Leonard Riggio, who is selling 1,500,000 shares. Mr. Kim and Mr.
Riggio are directors of GameStop Corp. After the transaction, EB
Nevada Inc. continues to own 8.6% of the company's Class A common
stock and Mr. Riggio continues to be a beneficial owner of
approximately 6.3% of the company's Class A common stock and 17.2%
of the company's Class B common stock. GameStop is not selling any
shares in this offering and will receive no proceeds from these
sales. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any jurisdiction. A
written prospectus meeting the requirements of section 10 of the
Securities Act of 1933 may be obtained from Citigroup Corporate and
Investment Banking by contacting it at Brooklyn Army Terminal, 140
58th Street, 8th Floor, Brooklyn, New York 11220, telephone
(718)765-6732. About GameStop Corp. Headquartered in Grapevine, TX,
GameStop Corp. (NYSE:GME)(NYSE:GME.B) is the world's largest video
game and entertainment software retailer. The company operates
4,490 retail stores across the United States and in fourteen
countries worldwide. The company also owns two e-commerce sites,
GameStop.com and EBgames.com, and Game Informer(R) magazine, a
leading video and computer game publication. GameStop Corp. sells
new and used video game software, hardware and accessories for next
generation video game systems from Sony, Nintendo and Microsoft. In
addition, the company sells PC entertainment software, related
accessories, and other merchandise. General information on GameStop
Corp. can be obtained at the company's corporate Website:
http://www.gamestop.com/investor-relations/.
Gamestop (NYSE:GMEB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gamestop (NYSE:GMEB)
Historical Stock Chart
From Jul 2023 to Jul 2024